Industry ranking
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2024 - 30 Jun 2024 | 31 Jul 2024 | 24 | 25% | 70% | 5% | 63% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jul 2024 | 28 | 28% | 68% | 4% | 72% |
| 01 Jan 2022 - 30 Jun 2022 | 09 Aug 2022 | 35 | 77% | 20% | 3% | 40% |
| 01 Jun 2020 - 31 Dec 2021 | 19 Jan 2022 | 35 | 8% | 92% | 1% | 92% |
| 01 Dec 2020 - 31 May 2021 | 24 Jun 2021 | 40 | 33% | 67% | 0% | 75% |
| 01 Jun 2020 - 30 Nov 2020 | 23 Feb 2021 | 36 | 30% | 69% | 1% | 78% |
| 01 Dec 2019 - 31 May 2020 | 30 Jun 2020 | 36 | 27% | 70% | 3% | 81% |
| 01 Jun 2019 - 29 Nov 2019 | 23 Dec 2019 | 36 | 33% | 66% | 1% | 76% |
| 01 Dec 2018 - 31 May 2019 | 28 Jun 2019 | 36 | 29% | 69% | 2% | 81% |
| 01 Jun 2018 - 30 Nov 2018 | 02 Jan 2019 | 36 | 52% | 47% | 1% | 60% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 30 days from date of invoice with exception for agency labour. Member depots are paid through an internal payment timetable
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
30
Any supplier payment dispute will be directed to TPN's finance department on 01332 300824 and dealt with accordingly. Member disputes will be accounted for through the weekly credit / revenue procedure.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
The Pallet Network Limited is registered as a freight transport by road business, based at Stobart Central Operations in Warrington. Companies House records show it operating within the pallet distribution and haulage sector, and it filed a modern slavery statement as part of the wider Culina Group Limited group statement, indicating it forms part of that logistics group. No further detail on specific services or customer base is provided in the available evidence beyond its classification as a road freight operator within a distribution network structure.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · companiesintheuk.co.uk